The Economic Nature of the Firm A Reader [Paperback]

Brings together classic and more recent contributions on the nature and organization of firms.This is a book of classic and near-classic readings on issues in the theory of how firms are organized, written by economists well known in the field. It includes an introductory essay by co-editors Randall S. Kroszner and Louis Putterman and a unified reference list. The book has been used as a text in classes on the economics of firms at Stanford Business School, London School of Economics, Brown University, Hebrew University, and other schools. The collection aims to introduce the core literature to advanced undergraduates, business and economics graduate students, and scholars in allied disciplines, including law, sociology, and organization and management.This is a book of classic and near-classic readings on issues in the theory of how firms are organized, written by economists well known in the field. It includes an introductory essay by co-editors Randall S. Kroszner and Louis Putterman and a unified reference list. The book has been used as a text in classes on the economics of firms at Stanford Business School, London School of Economics, Brown University, Hebrew University, and other schools. The collection aims to introduce the core literature to advanced undergraduates, business and economics graduate students, and scholars in allied disciplines, including law, sociology, and organization and management.This book brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Oliver Williamson, and Michael Jensen and William Meckling, as well as more recent contributions by Paul Milgrom, Bengt Holmstrom, John Roberts, Oliver Hart, Luigi Zingales, and others. Part I explores the general theme of the firms nature and place in the market economy; Part II addresses the question of which transactions are integrated under a firms roof and what limits the growth of firms; Part III examines employer-employee relatiolcw